EX-12 3 w58831ex12.txt STATEMENT OF RATIO OF EARNINGSTO FIXED CHARGES EXHIBIT 12 COLUMBIA ENERGY GROUP AND SUBSIDIARIES Statements of Ratio of Earnings to Fixed Charges ($ in millions)
Twelve Months Ended December 31, ------ ------------------------------------------------ 2001 2000 1999 1998 1997 ------ ------ ------ ------ ------ Consolidated Income (Loss) from Continuing Operations before Income Taxes 389.2 449.0 556.1 461.1 397.0 Adjustments: Interest during construction (2.2) (2.2) (2.8) (2.1) (3.0) Distributed (Undistributed) equity income 2.2 (5.5) (5.8) (0.4) 3.6 Fixed charges 177.9 192.8 183.8 163.3 180.5 ------ ------ ------ ------ ------ Earnings Available 567.1 634.1 731.3 621.9 578.1 ------ ------ ------ ------ ------ Fixed Charges: Interest on long-term and short-term debt 123.6 154.3 152.9 145.4 145.6 Other interest 45.9 18.3 14.9 1.4 15.2 Portion of rentals representing interest 8.4 20.2 16.0 16.5 19.7 ------ ------ ------ ------ ------ Total Fixed Charges 177.9 192.8 183.8 163.3 180.5 ------ ------ ------ ------ ------ Ratio of Earnings to Fixed Charges 3.19 3.29 3.98 3.81 3.20 ====== ====== ====== ====== ======
Prior periods have been restated to reflect discontinued operations.